What is group long term care?
Group Long Term Care provides long term care planning techniques for sole proprietorships, C-corps, S-corps, partnerships or LLCs. For many, traditional health insurance won’t be enough to cover the long term care costs that many Americans will face in their later years. Medicaid may be available, but only after they’ve spent their assets — and the care and alternatives within Medicaid will become more restrictive as time passes.
Group Long Term Care through SBA Financial is an affordable relief from the stress of worrying about a future with few options. We are dedicated to ensuring that long term care is available to employees of all levels. It can either be a voluntary offering or employer contributed. And depending on the circumstances, favorable tax deductions can be present.
Why do I or my employees need group long term care?
Many think that a sizable nest egg, other investments or Medicare will fill the place of a long term insurance care plan. But Americans are living longer than ever — unfortunately, that means encountering new expenses, illnesses, disabilities and other needs that drain resources faster than you’ve foreseen. Instead of spending their nest egg on an enjoyable retirement, many spend it on costly care.
With the rising cost of health care, it’s important to understand and act on options now.
Why Group Long Term Care through SBA Financial?
For businesses or individuals with investable assets, losing your nest egg to devastating long term care costs is one the most avoidable risks in the industry. SBA Financial helps you find the best long term care program for your needs and budget, applying years of experience to crafting the ideal plan. What’s more is that we can negotiate better rates then individuals can directly with insurance companies. We believe in a personalized service experience where you’re never out of the loop. The result is peace of mind over a decision that leaves you, your investments, your employees and your future in good hands.
INDIVIDUAL LONG TERM CARE
We are contracted to assist with any type of Long Term Care Product for the Individual. Often the conversation starts at the group level, but ends up being an Individual decision.
Bob is a Certified Long Term Care Specialist.
PLEASE SAY IT LOUDER….
At least 70 Percent of people over age 65 will require some long term care services in their lifetime.
More LTC Statistics (from largest carriers):
70% of claims dollars have been paid to female claimants.
51% of all claims dollars are paid to claimants with cognitive disorders.
Reasons for claim closure - 64% death, 23% recovery, 13% benefits exhausted.
68% of benefit payments start at home.
40% of claims will last less than 1 year.
The average length of claims lasting more than 1 year is 4.3 years.
18% of claims will last more than 5 years.
Learn More Today